Which of the Following Is True of a Negotiable Instrument

question 20

Multiple Choice

Which of the following is true of a negotiable instrument?

• A) An instrument must be completely typed.
• B) An instrument must be written with pen and ink.
• C) An instrument can be partly written and partly typed.
• D) A negotiable instrument cannot be written with a pencil.

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Definitions:

Government Purchases

Expenditures made by the government sector on final goods and services in a given time period, influencing the overall economy.

Transfer Payments

Payments made by the government to individuals without any expectation of a good or service in return, such as welfare or social security.

Net Taxes

Taxes paid by individuals or businesses after subtracting transfers and government subsidies.

Consumption

The act of using goods and services to fulfill individual or collective needs and desires, driving the demand side of an economy.